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Your question was answered, you just don't seem to understand it. Creating debt causes no return to equilibrium. Creating money has roughly the same effect as raising minimum wage. Namely, the prices rise to meet the new supply. Debt doesn't create a larger supply. It allows money to be spent before it is earned. This can cause inflation if the money is spent irresponsibly with no intent to repay (as our government is currently doing) as it behaves like a larger supply.

However, in the real world, the check on that is that you eventually either run out of credit or have your wages garnished and personal property taken from you. Our government doesn't operate in the real world. Thus, the debt ceiling is meant to act as a check to prevent things like what happened to Greece.

In no way, shape, or form is printing more money a good idea. Anybody who thinks so should look up the history of fiat currency and how disastrous is been for every society that relied on it too heavily. You should also educate yourself on at least the basics of economics. Idiots like OP are spreading a dangerous message field by extremely poor education and a complete inability to think things through. Pretty much par for the course of this sub.

No, i'm asking why do we farm such responsibilities out to private bank when they do exactly what you are warning against? You need to read things more carefully. Putting a fiat currency in a private institution's control (whom also happen to own huge stakes in the banking industry) is a fool's gambit and history has shown us that this is true.

What's your excuse for the Federal Reserve? I never asked for a lesson in elementary economics; I went to university already. If you read the OP's quote or question and took it as a criticism of monetary policy as opposed to institutional corruption, you need to read things a little closer and dig deeper. Obviously printing more money creates inflation; the point is that the Federal Reserve is in charge of this action and it's been happening already for too long. The call to move to the treasury is really a mutiny against the Fed more than anything else... would you argue they are necessary?

Only on the surface. They also give secret loans at zero interest to their REAL investments, the banking industry. If you cannot figure how that might be slightly advantageous to them to run and control both of those influences, I don't know if I can help you understand.

You are just regurgitating what you have been told by the Federal Reserve's FAQ. 'But why would they lie?!?'.... right?

They were secret until they audited the Fed and found them. They were not on the 'official' books, so had they not audited the Fed, those loans would have never come to light. How is that not secret? Do you have some sort of proof or is your word enough?

Also, the Fed retained about $3 billion last year beyond what they gave back to the US government, which I think could be well used in many areas of the government right now...

Why would you argue the Federal Reserve is necessary when they've done such a shitty job beyond getting themselves off?

They were secret until they audited the Fed and found them. They were not on the 'official' books, so had they not audited the Fed, those loans would have never come to light. How is that not secret?

This is completely wrong. The Federal Reserve announced each of the programs in advance and made weekly reports on the total amount of loans outstanding. The only secret was who the loans went to. The information about the recipients of the loans was released because of a lawsuit from Bloomberg News, plus additional information was released because Congress passed a law requiring it.

The Fed's emergency loan programs were big news when they happened, not secrets. Here are just a few news stories about them:

They are not a private bank in the sense that they are owned by the US Govt, and so, by extension, all US citizens, and so public property.

I guess there's two ways of looking at public/private: I'm using the sense that a garden is private, but a national park is public, by calling US govt property 'public' property. Your definition is to do with corporate ownership, where I guess everything owned by the US govt is private. Maybe we don't disagree about this at all, but are accidentally using the same word 'private' to mean different things.

This isn't true. The federal reserve has 12 regional banks and each of them get a 6% dividend before the rest is returned to the treasury. So each of these banks are getting 6% of the profit generated by creating money from thin air and loaning it to the government while the public is handed the bill via inflation and increased taxation.

Maybe before we have all our property taken and are complete slaves in the matrix control grid we could start using bitcoin and maybe that could help cut us off from our parasitic elite, and rouge government. And then maybe we could repay our debt! Sorry I am just desperately trying to find a way off the sinking ship, I am just throwing out ideas that I doubt make any sense.